States Weigh Gaming Tax Hikes
Other casino operators could take hits from a possible increase. Marc Falcone, an analyst at Deutsche Bank, estimates that Boyd Gaming's (BYD) annual EPS could decline by 8 cents to 12 cents, while Isle of Capri Casinos' (ISLE) could suffer by 25 cents to 30 cents and Penn National's by 3 cents to 7 cents. (Deutsche Bank does and seeks to do business with companies covered in its research reports.)Still, analysts are quick to point out that the Louisiana tax hike is only a possibility. The governor's adviser, Commissioner of Administration Jerry Luke LeBlanc, reportedly cautioned that no decision has been made and the 32.5% rate is merely for initial discussion.
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